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Retirement tax questions
You cannot rollover an RMD. Therefore, if you indicate all of your distribution was an RMD you will not get the follow-up questions to tell TurboTax this was a rollover.
If you took more than your RMD then you can rollover the extra amount only by following these steps:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R” and enter your 1099-R
- Continue until "How much was a RMD?" and select "Only part of this distribution was a RMD"
- Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
- Continue answering the questions.
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April 13, 2024
12:14 PM